Don't Be Greedy : How to Be a Profitable Trader

Edited by Erik Ossell. "Don't be Greedy" is a practical tool for all investors and traders on how not to do stupid things in the market and how to avoid major decision making mistakes and biases. The author has made a name for himself in index trading with impressive year after year returns. In this work Michael introduces the art of investment and the basics of his methodology. His next book will be published in 2016 and contains even more details on his personal methodology. In "Don't be Greedy" Michael explains the principles of his disciplined trading method in simple terms so that professionals and nonprofessionals alike can easily understand his approach. He demonstrates to any type of individual investor how to track 'Mr. Market' as correctly as possible, such as the ups and downs in indices like the Dow Jones or SP 500. Without getting into complicated mathematical formulas and massive technical concepts this book is a simple comprehensive guide to the mental challenges of trading. It also provides valuable market analysis for the individual investor from a real, experienced expert. "Don't be Greedy" helps master the important areas of investing like money management and the mental biases and weaknesses often encountered during the trading process. The book teaches you how to stay calm, and how to profit from reading the behavior of the market and the crowd. With this powerful trading system you can find the trades with the best odds of success and identify the correct entry and exit points, set stops, take your profits and more. This book will help you to discipline your mind and show you how to correctly manage the money in your account. Every movement in the price reflects what exactly happens in the investor's sentiments. Sentiments and markets rise in great part when mom-and-pop investors feel more confident about the market. This book will help you understand those sentiments and make profitable decisions based on that understanding. There is always a buyer and a seller behind every transaction, and the market's reaction is about their clash.